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(Vietnam) Vietnam may have to import more than 1 million tonnes of paper this year, said Vo Sy Dong, General Director of the Viet Nam Paper Corporation... read more »
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(India) Century Textiles & Industries will be investing Rs 1,270 crore to expand manufacturing capacity. The company announced that it will be setting up a 500 tonne per day capacity multi-layer packaging board plant, including 40 Mw steam turbine, at a total capital outlay of up to Rs 775 crore. read more »
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(USA) Smurfit-Stone Container Corporation has reported fourth quarter 2007 adjusted net income of $23 million, or $0.09 per diluted share. These results represent a $0.03 per share improvement compared to adjusted net income of $14 million, or $0.06 per share... read more »
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(USA) MeadWestvaco Corporation's Board of Directors has declared a regular quarterly dividend of $0.23 cents per common share. The payment of the dividend will be made on March 3, 2008, to shareholders of record at the close of business on February 7, 2008. read more »
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(Europe) Rottneros will raise the price for hardwood CTMP pulp by 20 USD/ton to 760 USD/ton and for softwood CTMP to 730 USD/ton from February 1. The price for Bleached Eucalyptus Kraft (BEK) will be increased to 800 USD/ton or equivalent in Euro from the same date. read more »
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(Canada) Cascades Inc. (TSX: CAS) announces that Mr. Alain Lemaire, President and CEO and Mr. Christian Dub, Vice-President and Chief Financial Officer will be presenting to institutional investors on the U.S. West coast on Monday, January 28, 2008 and Tuesday January 29 , 2008. read more »
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(Norway) Standard & Poor's Rating Services has revised its long-term credit rating on Norske Skog to BB, from earlier BB+. The Negative Outlook is maintained... read more »
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(China) Stora Enso's Hannu Alalauri, EVP, Magazine Paper, and representatives of Huatai Paper and local government have inaugurated Stora Enso's 200 000 tonnes per year super-calendered (SC) paper machine at Dongying in Shandong province, China. The machine started production on 25 November 2007. read more »
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(USA) New technologically advanced equipment will allow SCA to broaden its search for raw materials and tap into lower grades of waste paper to fuel operations. read more »
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(Finland) According to Prime Minister Matti Vanhanen, the people of Kemijärvi have to accept the closure of the local Stora Enso pulp mill as a fact... read more »
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(USA) The Paper Mill Store .com (thepapermillstore.com) has announced that as of January 1, 2008, it has offset 100% of the carbon emissions produced by its outbound product shipping through the purchase of carbon offset credits from Carbonfund.org, one of the country’s leading carbon offset organi read more »
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(China) Eltete TPM Ltd, a producer of transport packaging materials, has opened a brand new factory in Shanghai, China. A new production plant of over 12.000 m2 will increase production up to 20,000 tonnes per year. Two other production plants are located in southern and northern parts of China... read more »
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(USA) A deal to buy Boise Cascade could be completed by the end of next month. Boise Cascade spokeswoman Virginia Aulin says shareholders of private equity firm Aldabra 2 Acquisition will vote on the proposed acquisition Feb 5. If approved, the deal could close by the end of next month. read more »
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(USA) Standard & Poor's Ratings Services said it has cut SP Newsprint Co's corporate credit rating (CCR) to 'B+' from 'BB-' and said the ratings on the the Atlanta-based producer of newsprint remain on negative watch, after it agreed to be sold to Greenwich-based White Birch Paper Co. read more »
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(Japan) Japan Paper Association has said that 17 of its 38 member companies, including industry leaders Oji Paper Co. and Nippon Paper Group Inc., had falsely stated ratios of used paper contained in their products sold as recycled paper... read more »
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